Bullish Piercing pattern is a reversal pattern and hence if located after a good decline in price or after a good accumulation can give huge rewards. In this two candlestick pattern, and is valid ONLY IF the second candlestick opens below the low of the first bearish candlestick and closes above 50% of the previous candlestick’s range.
Bullish Piercing Pattern – BankNifty
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Stock Analysis
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Bullish View
Bearish View
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